Licensing scheme gives council power to crack down on landlords

admin    Uncategorized     agents

A London council claims it will fine landlords more than £30,000 and allow tenants to reclaim up to 12 months’ rent if landlords fail to obtain the correct property licences.

Wandsworth Council has announced a new selective licensing scheme and an additional licensing scheme for HMOs

View Full Article: Licensing scheme gives council power to crack down on landlords

Government refuses to reveal Renters’ Rights Bill court impact assessment

admin    Uncategorized     agents

The government has refused to release the Justice Impact Test for the Renters’ Rights Bill, a crucial document detailing the legislation’s potential impact on the courts and tribunals.

The decision has sparked concerns about openness in the legislative process.

View Full Article: Government refuses to reveal Renters’ Rights Bill court impact assessment

Flatshare supply grows despite landlord fears over Renters’ Rights Bill

admin    Uncategorized     agents

The flatshare market is experiencing a rise in available rooms, with January 2025 marking the highest month for advertisements in four years, according to SpareRoom.

The flatsharing platform says that despite this growth, concerns linger among small landlords over the Renters’

View Full Article: Flatshare supply grows despite landlord fears over Renters’ Rights Bill

Urgent: Reputable Fund Purchaser Looking to Buy Your HMOs and PBSA’s – Act Fast!

admin    Uncategorized     agents

Landlords, if you’re ready to sell your HMO properties, don’t wait. A reputable fund purchaser is looking to make quick acquisitions and they’re interested in your properties right now!

This fund is actively seeking HMOs and PBSA’s (up to 60 bed units) across the UK’s top university towns

View Full Article: Urgent: Reputable Fund Purchaser Looking to Buy Your HMOs and PBSA’s – Act Fast!

Scottish Housing Bill passes stage two as rent cap amendment approved

admin    Uncategorized     agents

The Scottish Housing Bill has passed stage two of scrutiny by a cross-party committee of MSPs.

More than 600 amendments were proposed, one of the highest totals for any legislation in the Scottish Parliament’s history.

One of the amendments agreed during stage two will allow rents in rent control areas to rise in line with inflation plus 1%

View Full Article: Scottish Housing Bill passes stage two as rent cap amendment approved

We need more landlords for immigration and students – Bank chief

admin    Uncategorized     agents

The UK’s increasing population and immigration levels are piling pressure on the private rented sector, the boss of Paragon Bank says.

And rather than seeing landlords leave the PRS for various reasons, the government should be encouraging landlords to invest.

View Full Article: We need more landlords for immigration and students – Bank chief

Stop targeting private landlords with selective licensing while council homes rot

admin    Uncategorized     agents

Like many landlords, there’s not a lot that gets me hot under the collar anymore after years of being victimised and ridiculed but two things this week deserve closer attention.

Private landlords are being squeezed dry by councils wielding selective licensing schemes like a blunt weapon.

View Full Article: Stop targeting private landlords with selective licensing while council homes rot

Government’s EPC targets for landlords are ‘unrealistic’ – NRLA

admin    Uncategorized     agents

The government’s ambitions to boost the energy efficiency of private rented homes are ‘unrealistic’, the National Residential Landlords Association (NRLA) warns.

Current proposals suggest that landlords may have less than two years to improve more than 2.5 million properties to meet a minimum energy efficiency rating of C.

View Full Article: Government’s EPC targets for landlords are ‘unrealistic’ – NRLA

More BTL lenders cut rates and raise LTV limits

admin    Uncategorized     agents

Another batch of buy to let lenders have made changes to their landlord offerings with Market Financial Solutions reducing rates across its fixed-rate bridging loan portfolio.

Residential single loans now start at 0.70%.

The rate cuts extend to portfolio loans

View Full Article: More BTL lenders cut rates and raise LTV limits

Investors turn to HMOs for higher yields

admin    Uncategorized     agents

Property investors are being urged to convert properties into HMOs to achieve higher yields.

According to Excellion Capital, purchasing a three to four-bed property and converting it into a six-bed HMO could cost a £512,340 in England, but the average yield achieved is 10%.

View Full Article: Investors turn to HMOs for higher yields